A new Group Private Mentorship class begins Mar. 27, 2017. Eight weeks of live training with John Paul will teach you everything you need to know to successfully trade futures and currencies. All courses and software are included with full, non-expiring licenses. This new session has classes twice each week.
We expect this new session to fill up quickly. It’s a good idea to reserve your seat as soon as possible.
Click here to submit your $500 deposit. This deposit secures your seat and provides you with the first week’s materials ahead of time. You’ll be able to receive the ATO course and software for NinjaTrader right away!
• Live coaching with Day Trade to Win founder John Paul
• Atlas Line® software
• Roadmap method
• Blueprint method (as taught in Power Price Action)
• X-5 method (as taught in the Floor Trader Secrets Manual)
• At the Open (ATO) Course
• Trade Scalper Course
• Price Action Scalping Course
• ABC Pattern
• How to Filter Trades
• How to Trade the News
• How to Set Up Your Charts
• How Manipulation Works
…plus much more!
By popular demand, here’s the live webinar from yesterday, March 9, 2017. Many traders participated with a lot of great questions. The markets have been choppy lately. See how John Paul takes an objective approach despite the odds. You have to stick to the strategy and the rules no matter how intimidating the market can be.
• Atlas Line live signals
• Trade Scalper live signals
• ATO (At the Open) live signals
• Understanding different order types (limit orders, market orders, stop-limit, etc.)
• Battling choppy markets
• Understanding trends
• Working with price action day in and day out
Want to get the same signals on your charts? Eight weeks of live training plus the ATO, Atlas Line, and Trade Scalper are all included with Mentorship. The next Group Mentorship class begins March 14, 2017. Click here for details. If you want to arm yourself against the markets with the Trade Scalper or Atlas Line standalone, click here for our courses page.
March 9, 2017 is the official rollover date for E-mini futures. On that date, you can switch to the ES 06-17 (June 2017) contract. As of this moment, most traders are still trading the March contract, which currently has over 6x the volume compared to the 06-17 contract. Of course, the volume will transfer to the 06-17 contract in the coming days. Some traders prefer to trade the contract with the greatest volume. Others prefer to switch on the exact roll date, no matter what. Click here for the CME page that shows the volume. On the roll date, expect a significant amount of volume to transfer over. After March 9, the next roll date is June 8, 2017.
As a reminder, here’s how to roll over your contracts with NinjaTrader 7. If you use NinjaTrader 8, click here. In NinjaTrader 7, begin by going to Tools > Instrument Manager
1. In the name box, type in the name of the instrument you wish to roll over (e.g. ES)
2. Click Search
3. A row should appear for the instrument you searched for. Click on the row so it becomes highlighted. If you’re doing this on or after Mar. 9, notice how NinjaTrader automatically knows the new contract to use. If you are rolling over early, you may need to select 06-17 from the Expiry list.
4. Click the button that has a black arrow that points to the left. Doing so will add the new contract period to the list of selectable instruments. If desired, you can select old contracts from the left list and then click the right black arrow button to remove them.
5. Once satisfied, click OK at the bottom.
Now, go to an existing chart or open a new chart. You should be able to select the new contract period.
This picture shows the steps from above:
Here’s a live webinar conducted and recorded by John Paul on March 1, 2017. Many traders wanted to see the signals that were generated during the morning. Skip to 45:50 to take a peak at the Atlas Line signal. Within a couple minutes, you can see the many good Trade Scalper trades. The signals that appear on his chart today are the same as the ones that would appear on your chart. To purchase either system, head on over to our courses page.
Topics discussed in this webinar:
• Candlesticks vs. other types of charts
• Trends – how common indicators fail to catch the big moves in time, trend lifespans
• News events – countries to look for, high vs. medium vs. low impact events, free news indicator and calendar, gauging market reaction, timing your entry, rules for finding entry (two consecutive candle rule)
• ABC – identifying trends, breaking the day into three sections, finding highs and lows of each, rules for placing an ABC trade
• Slow markets – how to identify them and avoiding choppy conditions
• Atlas Line – current live/daily signals (good long trade)
• Trade Scalper – current live/daily signals (multiple good long trades)
To get both the Trade Scalper and Atlas Line as well as all of our other courses and software in one complete package, join our next Group Mentorship class. The next eight-week training program begins March 14, 2017. Click here for details.
In case you missed today’s live webinar with John Paul, here is a replay. He shared live signals for multiple trading methods, including the Atlas Line. Many attendees were on hand and asked great questions. Other topics covered include the At the Open (ATO method), Trade Scalper, ATR, ABC strategy, importance of having accurate Windows time, the BarTimer, trailing stops, interpreting candle patterns, and much more.
Remember, this coming Monday, Feb. 20 is when the next Group Mentorship class begins. If you’ve tried courses or strategies from other people and it didn’t work out well, now is the time to change up your plans. Students always tell us that our methods are unlike anything they’ve used before. Mentorship is a great way to get all of our strategies in one shot, plus coaching along the way for everything. This way, it’s ensured that you understand everything and all your questions get answered. To enroll, simply email us at [email protected] and we’ll get you going! If you want more info, click here.
What about the January Effect for 2017? Switch over to a daily chart and you’ll see January 2017 closed slightly higher than it opened. Therefore, the strategy says price will likely close higher in December 2017 and move up throughout the year. That means you can look for additional trades, based on retracements. We’re talking retracements of four or more daily candles. The opportunity is to go long when the market begins to turn around and go higher. The Fibonacci tool can help, but not in the way you’d expect. This drawing tool can show you when the market retraces back 50%. That’s your entry point. You can use this strategy for other markets, not just the E-mini S&P.
At about 18:27, you can take a look at the Trade Scalper signals. Note that the full version plots lines and regions to further guide your trading. The signals that you see here are the entries, long and short. If the ATR is below two ticks, the market is not worth trading with this method. The Trade Scalper uses a 1-min chart. At 19:00, John Paul walks through the settings for the Atlas Line. Because this webinar was conducted at market open, you get to see the first Atlas Line signal of the day. For the current market conditions, the Catastrophic Stop is about 12 ticks. Based on the Atlas Line’s long signal, John Paul takes a real-time trade at around 21:00. The lower half of the SuperDOM allows you to define an ATM Strategy, which is simply a predefined profit target and stop loss value. It saves traders the trouble of having to manually specify these values for every trade. Remember the ATO (At the Open) strategy? Jump to 25:00 to see the ATO signal for this morning. The ATO is an opening range breakout strategy. It, too, generated a long signal. Stick around and see what happens to the Atlas Line trade that was placed earlier. Always stick to the rules!
To receive all of the methods shown in this webinar and much more, enroll in the next Group Mentorship class. The next all-inclusive class starts Feb. 20, 2017. Click here for details.
As a trader, do not expect overnight success. It’s important to take your time, as questions, talk with your broker, and understand the risks, rewards, and learn as much as possible.
It’s always good to check for news events before placing a trade. We have a free news indicator for NinjaTrader 7 and NinjaTrader 8 that shows upcoming news events on your chart. You can also use the Bloomberg Economic Calendar to check for red star events. If an event is about to occur, then you probably want to hold off until the volatility subsides.
The Atlas Line produced a long (buy) entry signal at 2289.75. According to the ATR (Average True Range), current market conditions allow for a profit target of seven ticks. If the target is not hit, John Paul exits the market within a certain amount of time. On a 5-min chart, this time-based stop is four candles or 20 minutes. The prove-it stop gets you out when price closes on the opposite side of the line. The catastrophic is always present – it’s about double the ATR as a safety net and to allow for normal market fluctuations. What happens if a trade does not go your way? A Strength Trade, Pullback, Bounce, or even another Double Bar entry can provide additional opportunities. This is all just the Atlas Line. Other strategies we teach help you filter Atlas Line trades and add to the amount of possibilities that appear when you look at a chart.
Interested in the Atlas Line? Get a lifetime license along with all of our other courses and software by enrolling in our Group Mentorship class. This next class begins Feb. 20, 2017. Eight weeks of coaching are provided. Click here to find out more.
For those who missed it, here’s the webinar from earlier today!
• Free trading tools that will help your trading
• Yo-Yo Setup
• Importance of using 5-min charts
• Understanding 5-min charts
• How to recognize trends
• How to use the ATR to adjust profit target and stop losses
• How to read the DOM
• The Trade Scalper software (signals from today)
• The Atlas Line software (signals from today)
• E-mini vs. the 6E Euro FX market
• January Effect for 2017
Get the full training – join the next eight-week Group Mentorship class. Class begins January 31. All courses and software are included. Click here for details.
Monday, January 16, 2017 is Martin Luther King Jr. Day, a federal holiday. The CME equity product markets (such as the E-mini S&P) will be close early on Jan. 16 at 1:00 p.m. will resume at 6:00 p.m. These times are US/Eastern (UTC-5, New York Time). Expect normal trading hours on days surrounding the holiday. The next trading holiday is President’s Day in mid-February.
Click here to see the official CME holiday hours. To display all of the closures, the CME is now using a new Excel format. Some traders may find this more difficult to read than the condensed PDF statements the CME once released. As always, you can comment here or send our support team an email to clarify your understanding.
With Mentorship, you’ll get a lifetime Atlas Line license along with a full NinjaTrader environment for practicing. All of our other courses and software are included, too (about 10 total strategies). Click here to find out more.
Here’s an E-mini trade from January 5, 2017 using the Atlas Line. There’s a Dbl Bar Short signal at 2264. This is telling you to sell the market and the price you hope to get in at. This type of signal always appears when two bars plot below the Atlas Line. If there were two consecutive bars above, a Dbl Bar Long signal would have appeared. When John Paul placed his live trade, he got in a tick above at 2264.25. This value is indicated on the DOM in a gold / light brown color. The profit target and stop loss need to be relative to current market conditions. That means every trade’s profit target and stop should be reasonably reachable. A very small stop loss should be avoided because it’s easy to get stopped out during normal fluctuations while waiting for the profit target to get hit. Generally, think of using a larger profit target when the market is faster and a smaller one during slower activity. For this trade, real-time market conditions dictated the the profit target to be 2263. By calculating the difference between the entry and the profit target, if the profit target is hit, the trade is worth 1.25 points. In the E-mini, remember that each point is worth $50 and each tick is worth $12.5. So if you’re trading one contract, at profit this trade would be worth $62.5. That doesn’t seem like much, but that’s a good amount considering the Atlas Line can produce multiple opportunities every date and the longest you’ll be in a trade is 20 min. That said, broker commission fees and other possible trading fees may apply.